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Snap and Crackle and Pop decide to enter into a pooling arrangement. Under the arrangement, each person will pay their share of the total loss
Snap and Crackle and Pop decide to enter into a pooling arrangement. Under the arrangement, each person will pay their share of the total loss at the end of the year. If each has a probability of loss of and the size of the potential loss per member is $ what is the probability that each member will have to pay nothing?
Please give your response in decimal places ie write and not
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